Or debt problems? Hon Hai intends to be incorporated into the cause of SHARP panel SDP

The Nikkei 8 reported by Hon Hai on SHARP (Sharp), after the analysis of SHARP inventory debt or liabilities is not too big, so SHARP is expected to conclude the acquisition of Foxconn / contract within the week, and the two sides are now in the final agreement, is expected to be published on the outside in 9 days. It is reported that Hon Hai in order to acquire SHARP after the early improvement of SHARP's revenue, so it has begun to actively plan to revitalize the cause of SHARP's various programs, but also plans to reorganize the operating team SHARP.

Reported that Hon Hai after the acquisition of SHARP, will jointly operating on both sides of the city (soil boundary) 10 generation panel factory and SHARP Kameyama plant production integration of the operating positions, SHARP intends to the cause of the panel (in medium and small size panel based) spin off, and to the 10 generation plant operating company "Sakai Display Product (SDP in addition, under the banner"); SHARP also plans in Foxconn's funds, invested 45 billion yen for the white goods, mobile phone business, only to the Internet of things (IoT) as the main business.

Days ago, Samsung Electronics intends to stake Foxconn / SHARP jointly operating SDP, and also reported Terry Gou may release SDP stake to Samsung, but the technology of small and medium size panel is regarded as Terry Gou is willing to invest heavily in the acquisition of one of the main reasons for SHARP, so if SHARP really Foxconn to SDP and the cause of the panel's words. It seems will also significantly reduce the possibility of Samsung SDP shares.

Nikkei news on the other side of the report pointed out that Hon Hai is currently selecting the relevant candidates in order to acquire SHARP, SHARP's board of directors stationed. According to data released by SHARP, Hon Hai's acquisition of SHARP, SHARP in the 13 member board, Hon Hai can appointed 9 or 2/3 seats.

It is reported that Hon Hai chairman Terry Gou Foxconn intends to number second, proficient in Japanese and Dai Zhengwu sent to the SHARP board of directors, in order to control the actual operation of SHARP power; in addition, SHARP SDP will be born in Nagano village Sheng Ming, President of Hai also won the Terry Gou valley big barrel highly, and therefore may Foxconn born SDP vice president Takayama Jung together to the SHARP board of directors.

SHARP 7 closing soaring 7.28%, 162 yen, fourth consecutive trading days gone up, the highest since February 24th closing high level; a total of 4 trading days to nearly 3 (hurricane SHARP shares soaring about 27%).

Hon Hai 7 closed down from $1.57% to NT $81.60, after the transaction was upgraded from $1% to NT $83.80, hit a new high since December 2015, the level of 11.

Jiji Press reported on the relationship between the 6, who pointed out that SHARP reportedly up to 350 billion yen or debt, mostly belonging to the possibility of a very low case, prediction of what will actually happen be the amount of the debt is only about 30 billion yen, so the Hon Hai SHARP's acquisition of condition prediction will not have much change.

Asahi television reported 5, SHARP incorporated in Hon Hai's restructuring has been almost sure thing, so the SHARP President Takahashi Kimi in order to take the responsibility for operation, to convey to people around the willingness to resign.

SHARP announced on February 25th, plans to start mass production to Foxconn OLED panel in the early 2018, target per month about 10 million pieces of 5.5 inch OLED panel production capacity by the end of 2019, the year target for the production of about 90 million pieces of 5.5 inch OLED panel, annual revenue target of 260 billion yen for machine intelligence.

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